D.A.P. VERHEYDE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
D.A.P. VERHEYDE
Largest movements
- Cash +€136,112
up €136,112 (+123%), from €110,785 to €246,896
mainly Net result for the year (+€116,178) and Trade debts (+€87,794)
- Receivables within one year +€96,748
up €96,748 (+30.0%), from €322,378 to €419,126
of which Trade receivables: +€148,542
- Tangible fixed assets -€28,417
down €28,417 (-18.0%), from €157,880 to €129,463
of which Furniture and vehicles: -€20,633
- Trade debts +€87,794
up €87,794 (+87.1%), from €100,774 to €188,567
- Reserves +€84,678
up €84,678 (+18.4%), from €460,207 to €544,885
of which Distributable reserves: +€84,678
- Tax, wage and social debts +€26,703
up €26,703 (+304%), from €8,782 to €35,485
of which Taxes: +€26,703
- Other debts +€16,463
up €16,463 (+96.8%), from €17,000 to €33,463
- Accrued charges and deferred income -€8,308
down €8,308 (-73.5%), from €11,308 to €3,000
- Gross operating margin +€62,355
up €62,355 (+43.3%), from €143,976 to €206,331
- Taxes +€21,118
up €21,118 (+69.5%), from €30,399 to €51,517
- Depreciation +€7,389
up €7,389 (+26.1%), from €28,267 to €35,656
- Financial charges -€2,499
down €2,499 (-87.0%), from €2,873 to €374
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €625,055 | €830,635 | +€205,580 | +32.9% |
| Fixed assets | 21/28 | €157,880 | €129,463 | -€28,417 | -18.0% |
| Tangible fixed assets | 22/27 | €157,880 | €129,463 | -€28,417 | -18.0% |
| Land and buildings | 22 | €55,477 | €55,477 | = | 0.0% |
| Plant, machinery and equipment | 23 | €36,573 | €28,404 | -€8,169 | -22.3% |
| Furniture and vehicles | 24 | €52,058 | €31,425 | -€20,633 | -39.6% |
| Other tangible fixed assets | 26 | €13,773 | €14,157 | +€385 | +2.8% |
| Current assets | 29/58 | €467,175 | €701,172 | +€233,997 | +50.1% |
| Stocks and contracts in progress | 3 | €29,200 | €29,200 | = | 0.0% |
| Stocks | 30/36 | €29,200 | €29,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €322,378 | €419,126 | +€96,748 | +30.0% |
| Trade receivables | 40 | €270,584 | €419,126 | +€148,542 | +54.9% |
| Other amounts receivable | 41 | €51,794 | - | -€51,794 | |
| Cash at bank and in hand | 54/58 | €110,785 | €246,896 | +€136,112 | +123% |
| Deferred charges and accrued income | 490/1 | €4,813 | €5,950 | +€1,137 | +23.6% |
| Total equity and liabilities | 10/49 | €625,055 | €830,635 | +€205,580 | +32.9% |
| Equity | 10/15 | €480,207 | €564,885 | +€84,678 | +17.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €460,207 | €544,885 | +€84,678 | +18.4% |
| Tax-exempt reserves | 132 | €18,000 | €18,000 | = | 0.0% |
| Distributable reserves | 133 | €442,207 | €526,885 | +€84,678 | +19.1% |
| Amounts payable | 17/49 | €144,848 | €265,750 | +€120,902 | +83.5% |
| Amounts payable within one year | 42/48 | €133,541 | €262,750 | +€129,210 | +96.8% |
| Trade debts | 44 | €100,774 | €188,567 | +€87,794 | +87.1% |
| Suppliers | 440/4 | €100,774 | €188,567 | +€87,794 | +87.1% |
| Advances received on contracts in progress | 46 | €6,985 | €5,235 | -€1,750 | -25.1% |
| Taxes, remuneration and social security | 45 | €8,782 | €35,485 | +€26,703 | +304% |
| Taxes | 450/3 | €7,532 | €34,235 | +€26,703 | +355% |
| Remuneration and social security | 454/9 | €1,250 | €1,250 | = | 0.0% |
| Other amounts payable | 47/48 | €17,000 | €33,463 | +€16,463 | +96.8% |
| Accrued charges and deferred income | 492/3 | €11,308 | €3,000 | -€8,308 | -73.5% |
| Remuneration, social security and pensions | 62 | €463 | €487 | +€24 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,267 | €35,656 | +€7,389 | +26.1% |
| Other operating charges | 640/8 | €3,369 | €2,762 | -€607 | -18.0% |
| Gross operating margin | 9900 | €143,976 | €206,331 | +€62,355 | +43.3% |
| Operating profit (loss) | 9901 | €111,877 | €167,426 | +€55,549 | +49.7% |
| Financial income | 75/76B | €1,737 | €644 | -€1,094 | -63.0% |
| Recurring financial income | 75 | €1,737 | €644 | -€1,094 | -63.0% |
| Financial charges | 65/66B | €2,873 | €374 | -€2,499 | -87.0% |
| Recurring financial charges | 65 | €2,873 | €374 | -€2,499 | -87.0% |
| Profit (loss) for the period before taxes | 9903 | €110,741 | €167,695 | +€56,954 | +51.4% |
| Income taxes | 67/77 | €30,399 | €51,517 | +€21,118 | +69.5% |
| Profit (loss) for the period | 9904 | €80,342 | €116,178 | +€35,837 | +44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €80,342 | €116,178 | +€35,837 | +44.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.